Source: Manager, loans officer face US$200k fraud charges – heraldA BRANCH manager and loans officer employed by a local financial services company have appeared in court facing fraud and money laundering charges after allegedly creating ghost accounts and using them to access loans worth about US$200 000. Takudzwa Blessing Chikwature, the branch manager, and Michael Tinashe Mwoyondewenyu, a loans officer, appeared before Harare regional magistrate Mrs Estere Chivasa. The branch is allegedly managed by Chikwature, while Mwoyondewenyu works as a loans officer. After the loans were approved and disbursed, the accused allegedly collected the money and converted it to their personal use. The State alleges that the total amount involved in the alleged fraud was about US$200 000.